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Auto Industry
Reuters
Nov 28, 2021, 5:08 PM
NXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.
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Reuters | Nov 28, 2021GM To Launch 10 EVs In South Korea By 2025, No Local Manufacturing Plans YetGM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people.1 min read
Reuters | Nov 28, 2021BP's Venture Capital Arm Looks To India In Clean Mobility DriveBP is also looking to invest in India's EV charging infrastructure to support BluSmart, as well as battery storage and energy management to solve India's challenges around peak power demand.1 min read
Reuters | Nov 28, 2021Goldman Sachs Says Global Oil Reserves Release 'A Drop In The Ocean'Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.1 min read
Reuters | Nov 28, 2021Canoo Advances Manufacturing Dates For Electric VehiclesThe company now plans to expand to include Arkansas and other locations in Oklahoma, for research and development, software development, customer support and finance centers.1 min read
Reuters | Nov 28, 2021Oil Rises 3% To One-Week High After U.S. Taps Emergency ReservesBrent futures rose $2.61, or 3.3%, to settle at $82.31, while U.S. West Texas Intermediate (WTI) crude rose $1.75, or 2.3%, to settle at $78.50.1 min read
Reuters | Nov 28, 2021India's October Crude Imports Stay Elevated As Consumption ReboundsImports rose 11.1% to 17.09 million tonnes from the same month a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.1 min read
Reuters | Nov 28, 2021India's Release Of 5 Million Barrels Oil From Stockpile A 'Symbolic Gesture'The government official said the release from India's strategic petroleum reserve (SPR) was "a symbolic gesture" as it needed to create space as part of efforts to make money from renting out the storage and was already selling the oil.1 min read
Reuters | Nov 28, 2021Oil Producers Cannot Hold Consumers To Ransom, Says India Oil MinisterAhead of the OPEC+ meeting next week to set output policy, Puri blamed the key producers for keeping supplies lower than demand.1 min read
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